The U.S. dollar has fallen sharply in recent days. It has reached new record highs against the euro and Swiss franc. It has fallen below the JPY100 level for the first time since 1995. At the same time oil and gold have raced to new record highs. News reports, citing analysts at a couple of large investment banks, say the intervention watch has be…

Why Intervention to Support the Dollar Remains Unlikely
Reviewed by magonomics
on
March 14, 2008
Rating: 5

It is clear that the financial crisis that began in the US housing market and the derivatives tied to it has metastasized well beyond it, but it remains in the forefront of policy makers concerns. And for good reason, home ownership in the US reached almost 70% before the recent surge in foreclosures. An estimated 1% of homeowners were in some sta…

If to Err is Human, is Forgiveness Really Divine
Reviewed by magonomics
on
March 07, 2008
Rating: 5